- Shares of Tesla Motors Inc TSLA are higher by more than 12 percent over the past year, but are lower by more than 11 percent over the past three months.
- The Vetr crowd downgraded Tesla's stock rating to three stars out of a possible five stars from a prior rating of 3.5 stars.
- Despite the fact that Tesla's stock is popular among the Vetr crowd, the crowd-sourced price target of $237.84 implies an upside of just 2.76 percent.
The Vetr crowd moved incrementally bearish on the stock by downgrading its rating to three stars out of a possible five stars from a prior rating of 3.5 stars.
Despite the downgrade, Tesla's stock remains popular among the Vetr crowd as more than 10 percent of the crowd are holding Tesla's stock in their watch-lists. On the other hand, the crowd-sourced price target of $237.84 implies a potential upside of just 2.76 percent.
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Nudnickmeow, a member of the crowd, commented that Tesla has a "huge lead" over its competitors and will "soon achieve economies of scale" with its yet to be released Model 3 sedan. The crowd member added that while the tock "is kind of expensive" right now, it offers investors a "promising" return in the long term.
Hector Garcia Carrillo, another member of the crowd, added that Tesla's CEO Elon Musk has an "eye on the future" and the future is "electric cars."
On the other hand, Mikhail Skiba suggested that Tesla's stock has downside because green energy is "not good when oil is cheap."
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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